Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your peak. If you find yourself always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement within the field. We’ll take the time to look at Profit.ly, a well-recognized one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Review Tradingschool
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The concept, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Timothy Sykes Review Tradingschool
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward success. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into their performance as a trading group and its gurus. It’s not just a way to demonstrate that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, via pictures. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account as well as other ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Timothy Sykes Review Tradingschool
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices; texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Review Tradingschool
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with other associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders, which could be a problem for some who may be anticipating this level. Timothy Sykes Review Tradingschool
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, which lets users choose from a wide array of video products created to provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be a laid-back person who is less active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able choose from the items on its store online to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the risky mix that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Review Tradingschool
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Review Tradingschool
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Review Tradingschool
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.